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Dialog Semiconductor Q3 net income increases to $43 million

Staff writer ▼ | October 27, 2015
Dialog Semiconductor reported that its net income for the third-quarter increased to $43 million from last year's $25.6 million, with earnings per share improving to $0.55 from $0.36 in the same quarter last year.
Dialog Semiconductor
Dialog Semiconductor   Q3 to be in the range of $430 million to $460 million
The company estimates fourth-quarter of 2015 revenue to be in the range of $430 million to $460 million. At the mid-point, this will result in full year revenue of $1.402 billion, delivering 21 percent revenue growth over 2014.

It anticipates that underlying gross margin for the full year will be consistent with the level achieved year to date. This will result in significant gross margin improvement for the full year 2015 over 2014.

Underlying earnings per share grew to $0.68 from $0.53 in the previous year. IFRS Operating profit (EBIT) up 44% year-over-year to $60.4 million.

Revenue for the quarter was up 18% to $330 million with strong revenue performance in Mobile Systems.